CFPB · Advance Notice of Proposed Rulemaking FR Doc. 2024-29292 · Published

CFPB ANPR: Regulation V definitions of identity theft and coerced debt

The CFPB seeks public comment ahead of a proposed rule that would amend Regulation V's definitions of "identity theft" and "identity theft report" to cover coerced debt. It imposes no new requirements on lenders; comments are due March 7, 2025.

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Loan impact

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Applies to: No loans are directly affected; this is a request for comment on possible future Regulation V amendments.

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What to do

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What to review: This is an advance notice seeking public comment on possible future Regulation V changes to the definitions of identity theft and identity theft report to cover coerced debt; it imposes no new requirements and directly affects no loans, so a lender may review it to decide whether to submit comments by March 7, 2025.

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